Economic Commentary
Gold at $1,500 an Ounce and Moving Higher
The price of one ounce of gold exceeded $1,500 yesterday, and immediately the media was filled with explanations. Jan Harvey, writing for Reuters,...
Almost Half of Americans Paid No Federal Income Tax In 2010
As the supporters of President Barack Obama have complained about tax cuts for the rich during the ongoing budget debate, one group of...
Read moreNot-So-Fun Tax Facts
Each year, American taxpayers lose anywhere from 20 to 50 percent of their income to the federal and state government in taxes, with...
Read moreGovt to Sell Its GM Stock Before It Declines Further
When the federal government took over General Motors in July of 2009, it was “the only way to avoid an economic calamity,” according...
Read moreCEI Targets Regulations in Annual Report
The Competitive Enterprise Institute released a report today entitled Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, compiled by Wayne...
Read moreLies, Damned Lies, and (Unemployment) Statistics
There are different ways of calculating unemployment. The data provided by the Bureau of Labor Statistics culls out those who are not seeking...
Read moreSoros: U.S. Dollar No Longer World Reserve Currency
It was President Richard M. Nixon, a favorite of the neoconservative establishment, who announced in his first term that "We're all Keynesians now,"...
Read moreIs It Really the Economy, Stupid?
You might be an "economite" if you … prefer city lights to starry skies in wide open spaces; agree that a college education...
Read moreGeorge Soros’ Doublespeak
Leftist billionaire George Soros (picture, left) has openly advocated for the destruction of American sovereignty, the “managed decline” of the United States dollar,...
Read moreFirst, Shariah-Compliant Financing, Then, Shariah Law
Is there a Shariah threat to America? Some believe so and on Friday’s episode of the Glenn Beck program, guests discussed the threat...
Read moreInvestors in U.S. Debt at Tipping Point?
When Terence Jeffrey, writing for CNSNews.com, noted that true federal spending for the fiscal year 2010 wasn’t $3.7 trillion after all, but closer...
Read moreIMF Economists: Huge U.S. Tax Hikes Needed
Economists at the International Monetary Fund (IMF) warned of U.S. government finances in disarray and out-of-control entitlement spending in a report published earlier...
Read moreWTO Rules Against Boeing, U.S. Government
With the turmoil in the Middle East and the catastrophe in Japan, it is easy to be distracted from the power plays of...
Read moreA Harvard Professor’s Goofs, Gaffes, and Blind Spots
Harvard Professor Gregory Mankiw (picture, left), in writing a hypothetical speech in the New York Times for the President in the year 2026,...
Read moreCensus Bureau Says Detroit Lost Quarter of Its Population Between 2000 and 2010
It used to be one of the great cities of a great nation, a thriving, prosperous metropolis humming night and day with the...
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